What is TM Term?

It is a regular premium non-participating term protection plan

  • Provides coverage against 
    • Death
    • Total and Permanent Disability^ (TPD) and 
    • Terminal Illness (TI).
  • Policy Terms available:
    • Renewable and Convertible - 10 years
    • Level and Convertible - to age 70, 75 or 99
  • Guaranteed Renewal Privilege allows you to renew your coverage period without further medical evidence.
  • Conversion Privilege allows you to convert your plan before age 60 into a regular premium whole life or endowment plan, maintaining your coverage for Death, TPD and TI without further medical evidence.

^ TPD Rider is a compulsory rider to TM Term and the payment of the TPD benefit will reduce the basic sum assured. TPD Benefit is provided until the policy anniversary on which the life assured is age 70 next birthday.

Why is this important to you?

  • To maintain your family's expenses when you are no longer around to take care of them.
  • Guaranteed Renewal Privilege gives you peace of mind that you will always be covered.
  • Conversion Privilege allows you to convert your term cover into a permanent cover.

This is suitable if you want

  • Protection on a limited budget as a young career starter and an opportunity to convert to a new plan subsequently.
  • Protection at low cost.
  • To enhance coverage but you have a limited budget.
  • To ensure uninterrupted success and continuity of your business in the event of loss of partner or staff.

This is not suitable if you want

  • A pure protection plan with savings element or investment returns.
  • A protection plan with cash values.

Key coverage

  • Death
  • Total and Permanent Disability (TPD)
  • Terminal Illness (TI)

Additional riders to enhance your protection

  • Critical Illness (CI) Accelerator Rider
    Accelerates the death benefit of the basic plan, up to the rider’s sum assured upon the diagnosis of any of the covered CIs.
  • Waiver of Premium Rider & (Enhanced) Payer Benefit Rider
    Future premiums will be waived in the event of Death, Total and Permanent Disability and/or upon diagnosis of any of the covered CIs.
All ages mentioned in this website are based on age next birthday.

All benefits and features mentioned herein are subject to terms and conditions of the policy. You must refer to the Policy Contract for the precise terms and conditions of this insurance plan.

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Important information

This plan is underwritten by Tokio Marine Life Insurance Singapore Ltd. and is only available through our authorised  distributors. Kindly obtain the required product disclosures and seek advice from a financial adviser before making a  commitment to purchase this plan. Buying a life insurance policy is a long-term commitment. An early termination of the  policy usually involves high costs and the surrender value payable (if any) may be less than the total premiums paid. It is  also detrimental to replace an existing life insurance policy with a new one as the new policy may cost more or have  fewer benefits at the same cost.

For policies distributed in Singapore:
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of the coverage, where applicable, please contact us or visit the LIA or SDIC websites (www.lia.org.sg or www.sdic.org.sg).

Information shown is for reference only and is correct as at 25 April 2016.